JN0-570 In one word - Yes, they are! They are pretty tough to crack. In fact, any investor wanting to invest in a venture that has not yet run its course and has not started making profits will be skeptical about putting their money into your idea. However, the silver lining is that business startup angel financing groups are less skeptical than others, because it is their job to fund new ventures and make heir living out of the same!
Having fixed an appointment with the same, you have to follow these 5 top ways to convince your angel investors to invest with you, in your idea!
Get the Green Signal Tip #1: Summarize How your Business Model Works
Get precise, people! Frankly speaking, in this jet age no one has the time to listen to lengthy stories; and if it is with money and financing, people are already half-disinterested. Therefore to make them interested, you have to show them what your project is capable of doing. Have a business model summary ready in your hand and do your homework before you can even think on capitalizing on the appointment.
JN0-522 Whether your business model works on developing new products or is a totally new technological breakthrough - you have to summarize all this and more in your project.
Get the Green Signal Tip #2: Hopefully it is not a stolen Idea that you want to capitalize on!
Now, this is really a tricky part. If you have the brains and the aptitude to capitalize on a borrowed idea, you can go ahead; but in case if this is a 'one-night-I-overheard' thing, know it that you'll have really a tough time in convincing your investors. It may also happen that some other people had come with the same idea. Angel investors have good networks and they can find that out. Do whatever, but not bluff!
Get the Green Signal Tip #3: Returns based on simulated research
JN0-532 What your investors are interested in the end is the amount you can make and the turnover, your venture/idea is capable of. Therefore the best thing would be to already have a working prototype at hand and then based on simulated models and projections, you can give a well-made idea about the profits in the idea.
Get the Green Signal Tip #4: Vision and Long-term Goals
Investors and businessmen like people with vision and goals. If you've a passion to pursue your dream and your idea, you'll also have the long term goal in your mind and that is the area you need to capitalize on.
Get the Green Signal Tip #5: Beating the Competition
Today, with so many new ideas floating and new businesses coming in the market, there is a great chance that you have a competition already! Make no mistakes about the fact that your investor WILL ask you about that. Your business idea has to be a bit different from your competitor even if the end product is same.
Research, study and doing your homework will drive home the point and get you the funds!
Having fixed an appointment with the same, you have to follow these 5 top ways to convince your angel investors to invest with you, in your idea!
Get the Green Signal Tip #1: Summarize How your Business Model Works
Get precise, people! Frankly speaking, in this jet age no one has the time to listen to lengthy stories; and if it is with money and financing, people are already half-disinterested. Therefore to make them interested, you have to show them what your project is capable of doing. Have a business model summary ready in your hand and do your homework before you can even think on capitalizing on the appointment.
JN0-522 Whether your business model works on developing new products or is a totally new technological breakthrough - you have to summarize all this and more in your project.
Get the Green Signal Tip #2: Hopefully it is not a stolen Idea that you want to capitalize on!
Now, this is really a tricky part. If you have the brains and the aptitude to capitalize on a borrowed idea, you can go ahead; but in case if this is a 'one-night-I-overheard' thing, know it that you'll have really a tough time in convincing your investors. It may also happen that some other people had come with the same idea. Angel investors have good networks and they can find that out. Do whatever, but not bluff!
Get the Green Signal Tip #3: Returns based on simulated research
JN0-532 What your investors are interested in the end is the amount you can make and the turnover, your venture/idea is capable of. Therefore the best thing would be to already have a working prototype at hand and then based on simulated models and projections, you can give a well-made idea about the profits in the idea.
Get the Green Signal Tip #4: Vision and Long-term Goals
Investors and businessmen like people with vision and goals. If you've a passion to pursue your dream and your idea, you'll also have the long term goal in your mind and that is the area you need to capitalize on.
Get the Green Signal Tip #5: Beating the Competition
Today, with so many new ideas floating and new businesses coming in the market, there is a great chance that you have a competition already! Make no mistakes about the fact that your investor WILL ask you about that. Your business idea has to be a bit different from your competitor even if the end product is same.
Research, study and doing your homework will drive home the point and get you the funds!
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